Bonterra Resources Inc. (TSX-V: BTR) (OTCQX: BONXF) (FSE: 9BR1) is pleased to announce the discovery of a new high grade gold zone near surface to the north of the Gladiator Gold Deposit with an intersection of 27.4 g/t Au over 7.0 m. This new high-grade mineralization is located approximately 200 m north of the most northerly Gladiator zone (North Zone) and was located by drill hole BA-18-60 above 100 m in depth. The mineralization and characteristics of this zone are very similar to the Gladiator Deposit and are similar to the Company’s current geological model. The model consists of parallel veins or zones and is open along strike and at depth. The recently optioned “Duke” property boundary areas have allowed the Company access for exploration into these areas of interest. This high-grade intersection occurs on Bonterra’s 100% owned Gladiator property. Follow up drilling is underway in order to test down dip and strike continuity.
“Our geological model continues to produce results with this new high-grade zone that appears to project nicely from our established pattern of veining within the multi-zone Gladiator Deposit. Our recent option to earn interest in the Duke claims has allowed us to now step out northeast and southwest with drilling in order to locate new parallel zones. We are extremely encouraged with our first results in stepping away from the Gladiator to the northeast and look forward to extending the new zone further,” commented Nav Dhaliwal, President and CEO.
Highlights and Observations:
The ongoing resource development program continues to expand and define the Gladiator Gold Deposit ahead of the updated mineral resource estimate scheduled for Q4 2018. Drilling to be included in the upcoming mineral resource estimate has now been completed. Drilling continues with three drills at the deposit focused on extension drilling along strike to the northeast and southwest.
|*Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled
widths. Core axis angles of the intersection contacts and surrounding rock units average 55 to 70 degrees
Please see http://bonterraresources.com/projects/gladiator-project/maps-sections/ for updated maps including long sections and cross sections.
Bonterra Resources Quick Facts:
Robert Gagnon, P.Geo., has approved the information contained in this release. Mr. Gagnon is a director of Bonterra and is a Qualified Person as defined by NI 43-101.
Canarc Resource Corp. (TSX:CCM) (OTCQB:CRCUF) (Frankfurt:CAN) ann... READ MORE
Mako Mining Corp. (TSX-V: MKO) is pleased to report further posit... READ MORE
Surge Exploration Inc. (TSX-V: SUR) (OTC: SURJF) (FRA: DJ5C... READ MORE
FIORE GOLD LTD. (TSX-V: F) (OTCQB: FIOGF) is pleased to announce ... READ MORE
Marathon Gold Corporation (TSX: MOZ) is pleased to report an addi... READ MORE